Magnolia Capital Advisors LLC Has $1.74 Million Position in Marathon Petroleum Co. (NYSE:MPC)

Magnolia Capital Advisors LLC lowered its stake in Marathon Petroleum Co. (NYSE:MPC) by 0.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 11,736 shares of the oil and gas company’s stock after selling 96 shares during the period. Marathon Petroleum accounts for 1.3% of Magnolia Capital Advisors LLC’s portfolio, making the stock its 20th largest position. Magnolia Capital Advisors LLC’s holdings in Marathon Petroleum were worth $1,741,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also modified their holdings of the company. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA acquired a new stake in shares of Marathon Petroleum in the fourth quarter valued at approximately $25,000. Bruce G. Allen Investments LLC acquired a new stake in Marathon Petroleum during the 4th quarter worth $32,000. Tennessee Valley Asset Management Partners acquired a new stake in Marathon Petroleum during the 4th quarter worth $40,000. Peoples Bank KS acquired a new stake in Marathon Petroleum during the 3rd quarter worth $44,000. Finally, Exchange Traded Concepts LLC grew its holdings in Marathon Petroleum by 811.4% during the 4th quarter. Exchange Traded Concepts LLC now owns 319 shares of the oil and gas company’s stock worth $47,000 after acquiring an additional 284 shares during the period. Institutional investors and hedge funds own 76.77% of the company’s stock.

Insider Activity

In related news, Director Kim K.W. Rucker sold 1,000 shares of the company’s stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $170.35, for a total value of $170,350.00. Following the transaction, the director now owns 23,446 shares in the company, valued at approximately $3,994,026.10. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. 0.21% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of analysts have commented on MPC shares. TD Cowen lifted their target price on shares of Marathon Petroleum from $168.00 to $170.00 and gave the stock an “outperform” rating in a report on Wednesday, January 31st. Bank of America boosted their price target on shares of Marathon Petroleum from $185.00 to $230.00 and gave the company a “neutral” rating in a report on Friday, March 15th. Piper Sandler boosted their price target on shares of Marathon Petroleum from $159.00 to $204.00 and gave the company a “neutral” rating in a report on Friday, April 5th. Raymond James boosted their price target on shares of Marathon Petroleum from $175.00 to $185.00 and gave the company a “strong-buy” rating in a report on Wednesday, January 31st. Finally, Citigroup assumed coverage on shares of Marathon Petroleum in a report on Wednesday, January 24th. They issued a “neutral” rating for the company. Five investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $193.77.

Marathon Petroleum Stock Down 0.3 %

NYSE:MPC traded down $0.53 on Wednesday, hitting $199.12. 1,472,880 shares of the company’s stock were exchanged, compared to its average volume of 2,785,725. The firm has a 50-day moving average price of $191.26 and a 200-day moving average price of $166.23. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.59 and a quick ratio of 1.13. Marathon Petroleum Co. has a 52 week low of $104.32 and a 52 week high of $221.11. The company has a market cap of $71.75 billion, a P/E ratio of 8.46, a price-to-earnings-growth ratio of 1.70 and a beta of 1.52.

Marathon Petroleum (NYSE:MPC) last issued its quarterly earnings results on Tuesday, January 30th. The oil and gas company reported $3.98 EPS for the quarter, topping the consensus estimate of $2.21 by $1.77. Marathon Petroleum had a net margin of 6.44% and a return on equity of 30.58%. The firm had revenue of $36.26 billion for the quarter, compared to analysts’ expectations of $34.90 billion. During the same period in the previous year, the firm posted $6.65 EPS. The company’s revenue for the quarter was down 8.9% on a year-over-year basis. As a group, analysts expect that Marathon Petroleum Co. will post 19.42 EPS for the current fiscal year.

Marathon Petroleum Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 10th. Stockholders of record on Thursday, May 16th will be issued a $0.825 dividend. This represents a $3.30 dividend on an annualized basis and a dividend yield of 1.66%. Marathon Petroleum’s payout ratio is 14.02%.

Marathon Petroleum Company Profile

Marathon Petroleum Corporation, together with its subsidiaries, operates as an integrated downstream energy company primarily in the United States. The company operates through Refining & Marketing, and Midstream segments. The Refining & Marketing segment refines crude oil and other feedstocks at its refineries in the Gulf Coast, Mid-Continent, and West Coast regions of the United States; and purchases refined products and ethanol for resale and distributes refined products, including renewable diesel, through transportation, storage, distribution, and marketing services.